Today, along with utilities. The dollar index weaker. Lets get to the markets now. Joining us in studio is Dennis Debusschere, evercore isi head of portfolio strategy. We have a great piece on the bloomberg today talking about the decade beginning with everything crumbling and a lot of panic, and now we are heading into a new year when apparently nothing can go wrong. Dennis i think part of the reasons the market is acting like that is because people think everything is going to go wrong. That has created what we call the silent melt up. This is actually related to the fire and ice title, which i think is excellent, because there has been a complete change in the relationship between bonds and equities. Bonds are longer duration assets as they had against lung equity exposure globally. That is usually a deflation hedge. Deflation was not something that existed preGlobal Financial crisis. There areist now, and only three Asset Classes you can hedge for deflation. That has anchored 10 ye
By and by down by the sleigh well wander, sweethearts you and i wait til the sunshines, nelly, by and by terrific. Merry christmas, everybody and one of the traditions is to bring children and grandchildren down on the floor. Theres a number of them here today. Tell me your name. Shannon youre the daughter of a retired member, right . Yes. His name . Michael spidaro do you know why the New York Stock Exchange is important . It makes new companies and businesses thats the right answer thanks mike, one of the big traders for gts does all of the Retail Stocks your work through the year, keeping the markets moving and keeping liquidity in the market. Thank you, bob. Merry christmas. Art cashin, 55 years, started almost this day, 1964. Thats correct. In the same book as John D Rockefeller and jpmorgan they were just a touch older than i am. Lets hope youll outlive them all by a long way thanks very much Merry Christmas. Thank you all for coming down for a great tradition that goes back 150
Good tuesday morning. Welcome to squawk alley. Im Carl Quintanilla here is jon fortt. Morgan brennan is at the International Astronautical congress more from morgan and amazons jeff bezos in a moment well begin with Wework Softbank plans to take control of that company valuing it between 7. 5 billion and 8 billion. A huge drop from where it was valued, also cutting adam newmans stake down to double digits good morning to our guests good morning. Mike, i know that youre f m familiar with softbank, softbank a big investor in uber why is softbank doing this with wework is this an existential moment for them are they at risk of this investment taking them under this is a real crisis for softba softbank the story the past few years is uber is a huge high point or low point, and wework and how they valued the company, but soft bank, a huge vision bank came flooding in giving companies that arguably shouldnt have been propped up more runway and a longer time to survive and vcs out here say th
Lost. Asian markets and investors dial back. But the bank of france governor hints that the ecb could act in its next meeting. We speak about Monetary Policy, we have several governing to come in the next month. And if and when needed, there must be no doubt about our determination to act and our capacity to act. New party wins a resounding victory as Prime Minister tells cnbc hes ready to deliver change. I feel if i have a strong mandate to deliver on my agenda, which is an agenda to grow the economy, to create more jobs but also to make sure that the greek people feel safe again. Hard to swallow. Shares sink after the French Food Company warns sales growth will slow in the Fourth Quarter as the caterer braces for the loss of several north american contracts. Well, good morning, everybody. Our top story today Deutsche Bank shares are trading higher after the german lender announced an overall which describes as, quote, the most fundamental transformation in decades. They will create a
We still have time to act. Im going to like this, the mountains of always being a sole school and donny arnold and his friend derrick stream mountain is here on a quest for the ultimate swim. The best scaling. The pitts pending at healey falls 1000 meters above sea level. Once lakes in the color, i knew him or in your axe and here the attention of cracking and hissing sound as it breaks into the ice blocks. Its just awesome to make a mistake. Reading number of scientists saying this adventures like this might soon be some impossible. Political roaming is nothing that can i see is usually tall people, one big cliff teeth even years ago. You had 5 more days during the winter when you could really go climbing female. All cx over the course of a range of trips to africa, asia, and to europe. Ive been else few years. We monitor the impact of Climate Change, torrential rain, and floods. Devastating droughts on the home and a stretch of permafrost, so that hope is not enough. Thanks to an unp